The SEC has filed a lawsuit against the Traffic Monsoon “program” and called it a Ponzi scheme that had gathered $207 million, the Salt Lake Tribune is reporting.

The assets of Traffic Monsoon and alleged operator Charles Scoville have been frozen, the newspaper reports.

On June 1, the PP Blog reported that Payza — a payment processor under fire from the court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case brought by the SEC in 2012 — bragged about its attendance at a Traffic Monsoon event in May.

As I read it, Scoville told his members that Paypal would end the freeze in August, when they actually released the funds on July 11…that seems to make him a flat out liar no matter how you try to cut it!